Insight Inv LLC Has $2.21 Million Stock Holdings in General Dynamics Corporation $GD

Insight Inv LLC decreased its stake in shares of General Dynamics Corporation (NYSE:GD) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,560 shares of the aerospace company’s stock after selling 319 shares during the period. General Dynamics accounts for about 1.5% of Insight Inv LLC’s portfolio, making the stock its 29th largest holding. Insight Inv LLC’s holdings in General Dynamics were worth $2,205,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Beaumont Asset Management L.L.C. boosted its holdings in shares of General Dynamics by 1.6% during the 2nd quarter. Beaumont Asset Management L.L.C. now owns 6,055 shares of the aerospace company’s stock worth $1,766,000 after buying an additional 95 shares during the period. Columbus Macro LLC boosted its holdings in shares of General Dynamics by 22.3% during the 2nd quarter. Columbus Macro LLC now owns 8,611 shares of the aerospace company’s stock worth $2,512,000 after buying an additional 1,569 shares during the period. Optas LLC boosted its holdings in shares of General Dynamics by 16.0% during the 2nd quarter. Optas LLC now owns 879 shares of the aerospace company’s stock worth $256,000 after buying an additional 121 shares during the period. Eagle Strategies LLC bought a new stake in shares of General Dynamics during the 2nd quarter worth about $211,000. Finally, WoodTrust Financial Corp boosted its holdings in shares of General Dynamics by 1.8% during the 2nd quarter. WoodTrust Financial Corp now owns 23,410 shares of the aerospace company’s stock worth $6,828,000 after buying an additional 411 shares during the period. Institutional investors own 86.14% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on GD. Jefferies Financial Group set a $325.00 target price on shares of General Dynamics and gave the stock a “hold” rating in a report on Wednesday, July 9th. JPMorgan Chase & Co. boosted their price objective on shares of General Dynamics from $284.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Cowen reissued a “buy” rating on shares of General Dynamics in a report on Wednesday, June 25th. Wall Street Zen raised shares of General Dynamics from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $400.00 price objective on shares of General Dynamics in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $319.00.

Insider Buying and Selling

In other news, EVP Marguerite Amy Gilliland sold 33,740 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $315.20, for a total value of $10,634,848.00. Following the completion of the transaction, the executive vice president directly owned 45,192 shares in the company, valued at approximately $14,244,518.40. The trade was a 42.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP William A. Moss sold 17,700 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $316.40, for a total transaction of $5,600,280.00. Following the transaction, the vice president owned 16,627 shares of the company’s stock, valued at approximately $5,260,782.80. This represents a 51.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 275,020 shares of company stock worth $86,414,503. 1.50% of the stock is owned by company insiders.

General Dynamics Price Performance

Shares of NYSE:GD opened at $346.45 on Thursday. The firm has a 50 day moving average of $323.85 and a 200-day moving average of $295.77. The stock has a market capitalization of $93.19 billion, a PE ratio of 23.25, a PEG ratio of 2.10 and a beta of 0.47. The company has a current ratio of 1.36, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. General Dynamics Corporation has a 12 month low of $239.20 and a 12 month high of $347.37.

General Dynamics (NYSE:GD) last issued its earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 EPS for the quarter, beating the consensus estimate of $3.47 by $0.27. The company had revenue of $13.04 billion during the quarter, compared to analysts’ expectations of $12.13 billion. General Dynamics had a net margin of 8.13% and a return on equity of 17.99%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.26 EPS. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, equities research analysts predict that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 10th will be given a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 annualized dividend and a dividend yield of 1.7%. General Dynamics’s payout ratio is presently 40.27%.

About General Dynamics

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.